Korean rocket development level 2 starts in August with 732 million USD investment

The 2nd development project for Korean rocket (projectile) will start in August. 2nd level targets developing a 75-ton liquid engine, which is the the main technology for Korean rocket, and thus will be investing 732 million USD until 2018.  Ministry of Science, ICT, and Future Planning (MSIP) plans to finish the 1st level development and evaluate by upcoming July and start the 2nd level development in August.

The project goal is to develop a 75-ton liquid engine and successful launch test according to it. The Korean rocket will have 1st level engine that has four 75-ton liquid engines tied together, 2nd level engine with one 75-ton liquid engine, and 3rd level with 7-ton liquid engine. The 75-ton engine that used in 1st and 2nd level is the most important factor for deciding the success in developing Korean rocket. MSIP will complete the rocket and engine detailed structuring via 75-ton liquid engine developmental testing and ground firing test.

For full article, see ETnews.

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Rescue robots get government support

DRC Hubo II
DRC Hubo II

The Korean government has pledged support for the development of rescue robotic technologies by setting a goal of commercialization by 2022. The Ministry of Trade, Industry and Energy (MOTIE) said Monday it is reviewing the “public safety robot project” to see if it is viable. The project will focus on developing core technologies related to the rescue robots. Once the project gets the green light, it will support development of various technologies including sensors that operate even in thick smoke, as well as crawler systems.

These technologies will be used in disaster situations such as rescuing people under debris, detecting stranded people in smoke-filled buildings that are on fire, or surveillance of nuclear power plants. Related industries are expected to grow significantly. Citing a study by Homeland Security Search Corporation, the ministry said the world’s disaster rescue industry is expected to double from 372 trillion won ($338 billion) in 2013 to 612 trillion won in 2022. China alone is expected see its market expand from 57 trillion won to 140 trillion won during the same period.

For full article, see Jongang Daily.

KT’s Pangyo innovation center a high-tech candy store

A panoramic view of the fifth floor of the Gyeonggi Center for Creative Economy & Innovation opened by KT on March 30 in Pangyo
A panoramic view of the fifth floor of the Gyeonggi Center for Creative Economy & Innovation opened by KT on March 30 in Pangyo

A laboratory accommodating five cutting-edge 3D printers, a never-before-seen collection of Internet of Things (IoT) parts, and a financial technology (fintech) support center.  Those futuristic terms and related devices that may be new to most people are being tested and developed at the Gyeonggi Center for Creative Economy & Innovation, a facility that mobile carrier KT opened March 30 along with the local government and other public organizations.

Under the creative economy agenda pushed by the Park Geun-hye administration, conglomerates and major enterprises have joined forces with the government to open a series of innovation centers; the KT center in this technology hub, often compared to Silicon Valley, is the eighth of 17 planned. Ten days after its official opening led by the Blue House and KT, tech reporters were invited for a tour last Friday and to talk to employees and heads of companies that have nestled into the space KT rented after seeing their potential.

For full article, see Joongang Daily.